Envestnet - ENV Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Envestnet in the last year. There are currently 3 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ENV shares.
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8 Wall Street research analysts have issued 1-year target prices for Envestnet's shares. Their ENV share price forecasts range from $40.00 to $90.00. On average, they predict the company's share price to reach $64.25 in the next twelve months. This suggests a possible upside of 5.5% from the stock's current price.
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Envestnet's stock was trading at $79.34 at the start of the year. Since then, ENV shares have decreased by 23.3% and is now trading at $60.88.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
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Envestnet, Inc. (NYSE:ENV) announced its quarterly earnings data on Monday, November, 8th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.03. The business services provider had revenue of $303.10 million for the quarter, compared to analyst estimates of $300.78 million. Envestnet had a negative net margin of 3.91% and a positive trailing twelve-month return on equity of 6.59%. The firm's revenue was up 20.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 EPS.

Envestnet updated its fourth quarter earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of $0.42-$0.43 for the period, compared to the consensus EPS estimate of $0.47. The company issued revenue guidance of $294-$296 million, compared to the consensus revenue estimate of $305.91 million.

44 employees have rated Envestnet Chief Executive Officer Bill Crager on Glassdoor.com. Bill Crager has an approval rating of 100% among the company's employees. This puts Bill Crager in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Envestnet investors own include Hawkins (HWKN), CA (CA), BlackRock (BLK), Endologix (ELGX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Crown Castle (CCI), Transocean (RIG), Alibaba Group (BABA) and Intel (INTC).

Envestnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENV."

Envestnet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.79%), Impactive Capital LP (7.20%), Echo Street Capital Management LLC (2.72%), Brown Advisory Inc. (2.50%), Stephens Investment Management Group LLC (2.37%) and Eaton Vance Management (2.05%). Insiders that own company stock include Anil Arora, Barry D Cooper, Brandon Thomas, Joshua Mayer, Matthew Majoros, Peter D'arrigo, Scott D Grinis, Shelly O'brien, Stuart Depina and William Crager.
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Shares of ENV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ENV stock can currently be purchased for approximately $60.88.

Envestnet (NYSE:ENV) has a market capitalization of $3.37 billion and generates $1.19 billion in revenue each year. The business services provider earns $13.30 million in net income (profit) each year or ($0.89) on an earnings per share basis.

The company employs 4,375 workers across the globe.

Envestnet's mailing address is 35 EAST WACKER DRIVE SUITE 2400, CHICAGO IL, 60601. The official website for the company is www.envestnet.com. The business services provider can be reached via phone at (312) 827-2800, via email at investor.relations@envestnet.com, or via fax at 312-827-2801.